Sibanye StillwaterSSW seem to be flagging for a move higher. But until we breakout of the flag (around 70), we wait!
SBSW trade ideas
Bullish Flag on SSWJSE:SSW is busy forming a Bullish Flag pattern. With the breakout of the the "flag" this morning, if it trades higher tomorrow, we could be looking at a nice upward move as high as the length of the "flagpole".
SSW Bull flagSSW support at R64.50 been holding so far. If it can close above the 50dma the recent highs can be tested again.
Sibanye Stillwater Sibanye Stillwater had a strong support at R65 but prices managed too drop further turning the support to a resistance and new support is at R59.I think Sibanye Stillwater will touch or turn near R59 then change direction going up ,possibility of it reaching R80 per share I believe.
SSW Short JSE:SSW is looking good for a short position soon. If this downward momentum continues, we could be looking at a nice bearish move next week. I will wait for a confirmation below the 6700 area before entering.
Sibanye moves to a higher boxSibanye moves to a higher box, I will add to the position on this trade
Strong results show up in the priceThe company came out with some great results in the week. The stock had quite a good week. It looked like it was breaking to the R70 - R83 box, but came back and closed the week below the R70 resistance. Waiting for the break through R70, then I will add to the position.
Sibanye Stillwater (SSW)JSE:SSW
The recovery of SSW is quite a story and we might miss the potential upside . The current market Cap is just above Impala Platinum ...The fact is SSW are far bigger in size ...so if you consider the prices of metal to remain then this share should have huge upside with potentially wiping out all its debt before year end . I do not think this is far fetched .This would be a a kind of DRD run ?
The run in this share might be long overdue and with this metal prices there might be a lot of understated value here . I think there might be of investors warming up to this reality.
please do not act on my advice ..It is beyond the technical graphs and just a view.
SBSW is too undervaluedSBSW is the one of the largest miners of Platinium in the World. It was a very profitable and positive free cash flow company before metals took off in Mid 2020 ,and now with Platinium prices rocketing higher and they will continue to do so as predicted by multiple banks and analysts. Sbsw is a cheap valuation, if you don't believe me take a look at any fundamental ratios and you will come up with the same theory. In a market void of fundamentals, this is ripe for picking. I easily see 30 dollars in the coming weeks once its gets attention.
Downward momentum on SibanyeJSE:SSW is showing signs of downward momentum. The stochastic and MACD has crossed down and the 2 EMA's have crossed. It is also busy breaking through a strong support level at around 5800. If it breaks through convincingly with today's price action, I will consider a short position.
Beware of a possible gap close of the gap formed 2 days ago. It may go up and close this gap before continuing downward.
JSE:SSW Sibanye Breaking to New HighsSibanye has been showing signs of strength (SoS) and has now broken to new highs. After some consolidation since August, there has been a breakout and backup to that accumulation trading range. Now we have broken above the highs and looking for a push higher.
Healthy uptrend channel on SIbanyeHealthy looking uptrend channel on Sibanye. Another trade I’m in. Looking to add into the trade when it crosses
Sibanye-Stillwater - #JSESSW - In my last post i mentioned it would be risky to chase momentum on the stock and rather wait for a pullback to the support line or better still, the 100 day moving average to buy.
- Yesterday printed a bullish candle showing that the buying has stepped up right at the 100 day moving average.
- If bulls can keep price above here and move back over the support zone, the gap fill will be the likely next short term target.
- Longterm bias is still bullish while major moving averages are pointing up.
Original post in link below
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
SSW Short Heading in a Downward TrendThis is my first publish of my analysis and constitutes to my own thoughts and opinion of the stock. This is purely done for educational purpose and does not suggest financial advice. This stock I have traded since it was @ the 3500 MARK. SSW had initially found Supply @ 4900 MARK and made a breakout to the 5700 MARK which eventually lead to testing the 6600 MARK finding resistance @6600 MARK. SSW has now formed a downward trend retracement which has pierced through support level of 5700 MARK. The stock has crossed the Stochastic & MCD Moving Average. My opinion is that this may continue toward the initial Supply & Demand Level near the 4900 MARK where I intend taking a position in the stock. If you like the idea please give a like. Once again thanks for the appreciation.
Sibanye breaks out of the falling wedgeSibanye breakouts giving me an opportunity to add into my earlier trade
A nice tiny falling wedge on SibanyeAnother Platinum miner looking to break higher. I'm long on Sibanye and looking to add into my position
SIBANYE - Staying bullish- After posting the inverted head and shoulders pattern trade in May 2020, target was reached and price consolidated, testing the resistance area around
R57
- We recently broke through and chart looks poised to continue it upward trajectory.
- It would be risky to chase momentum here with a full position. A better entry would be to wait for a possible retest of the resistance now turned support zone or better still, the 100 day moving average.
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
* initial long idea in link *
$JSESSW Sibanye. Fake channel break ? Wait and seeSibanye came back yesterday to test the channel break level. Time will tell if this is just a channel test or a break back into the channel.
